Newcastle United Football Company Limited has today announced its financial figures for the year end June 2012.

After making significant strides towards meeting and exceeding UEFA's Financial Fair Play regulations last season, the Club has recorded an overall profit for the second successive year.

While last year's figures, which included an overall profit of £32.6m, were significantly boosted by the £35m sale of Andy Carroll to Liverpool, this year's figures give a clearer indication of the Club's positive performance overall with profit after player amortisation standing at £1.4m.

The Club has also re-entered the list of the world's top 20 revenue-generating clubs after increasing turnover to £93.3m - representing a 5.4% increase on last year.

Turnover has been boosted by last season's strong performance on the field, with a fifth-place finish in the Barclays Premier League swelling TV income by 14.6%. That figure is set to continue rising next year courtesy of improved broadcast agreements.

While the average attendance at St. James' Park has risen to 49,936 - an increase of 2,190 on last year, ticket revenue has fallen by 7% after the club froze season ticket prices with its ten and nine-year season ticket deal and continued its commitment to making football affordable through a variety of ticketing initiatives.

As a result of these initiatives the Club saw a hugely significant increase in the number of season ticket holders and members. The number of season ticket holders reached its highest level since 2007.

Commercial revenue fell by 12.7%, though the latest figures do not include income from the Club's new partnership deal with Wonga. That partnership, which is effective from the 2013/14 season, represents a significant increase on the Club's previous commercial agreements.

While operating costs have remained steady at £21.6m, operating profit is down from £13.3m to £7.5m. A key factor is an increase in the Club's wage bill, which has risen by 20% to £64.1m following the signings of a number of key players, including Cabaye, Marveaux, Santon, Ba and Cisse. That puts the Club's wages-to-turnover at 68.7%, an increase of 8.1% on last year.

We can confirm that results of the latest scan on Massadio Haidara show that the player has very fortunately escaped any significant bone or ligament damage following the dangerous tackle by Wigan Athletic's Callum McManaman on Sunday.

We are very pleased that the extent of his injury is less severe than first feared and is limited to bruising to the bone and soft tissue damage.

Depending on the speed of his recovery he should be fit to play again in early April.

Massadio will continue to be assessed over the coming days. He has been very lucky that he has not suffered more serious injury and this positive diagnosis in no way lessens the Club's views with regard to the severity of the tackle from which it resulted.

There has been significant public reaction from media, industry figures and supporters to the tackle made by Wigan Athletic's Callum McManaman on Massadio Haidara during the first-half of our Premier League fixture on Sunday, 17th March, in particular comments made by Wigan's owner Dave Whelan.

I have the greatest respect for Dave, who has been in the game for a long time as a professional footballer and now owner. I am also aware that Dave's career was cut short due to injury.

I am therefore disappointed and surprised by the comments he made yesterday, in particular his assertion that the tackle by Callum McManaman "was a fair challenge".

It is our strongly held opinion that the tackle on Massadio was extremely dangerous and is the type of challenge that has the potential to cause serious harm and such was the force, and reckless and dangerous nature of the challenge, even end a player's career.

It was not a fair challenge. This view is shared by countless former players, referees and well-respected media commentators. Indeed it appears to be only Dave Whelan who takes a contrary view.

We are disappointed to learn that the FA is not going to charge the Wigan player. We were first notified of this decision by a national media outlet who received notification from the FA confirming the decision. This was prior to anyone from the FA having the courtesy to contact the Club to let us know.

It is clear from this decision that the current disciplinary procedures are not fit for purpose. Newcastle United, along with other clubs, have had players suspended for incidents reviewed after the game. Whilst not trivialising these incidents, they were not, in our opinion, of the seriousness of Callum McManaman's tackle on Haidara.

Whilst we understand that the current procedures give the FA limited options, it cannot be correct that the most serious offences - those which have the potential to cause another player serious harm - can go unpunished, even if the original incident was seen by match officials.

We will now be making a strong representation to the FA and the Premier League to see how a more appropriate, fair and even-handed disciplinary process can be introduced at the earliest opportunity to prevent incidents of this nature going unpunished in the future.

Our attentions at this time are firmly with Massadio. He only joined us in January, but in that short time he has impressed us immensely both on and off the field. Massadio was scanned yesterday and will continue to be assessed for the remainder of the week.

He will undergo a further scan next week in order to determine the extent of the damage caused. Contrary to comments in the media, there is currently no timescale for his recovery.

We would like to thank our fans for their heart-felt messages of support for Massadio. We are passing these messages on to him and we are sure they will help keep his spirits up.